What users are saying about
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632 Ratings
3 Ratings
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Score 9.5 out of 100

MIP Fund Accounting

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632 Ratings
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Score 8.3 out of 100

Likelihood to Recommend

LessAccounting

If you are an entrepreneur and you want to focus on building your business, start with Less Accounting. It's a full-blown accounting system that has a simple implementation and it can connect to your financial accounts to automate many parts of the business. Our 1st four years of business, we worked without a bookkeeper at all due to the level of automation.
It is not limited in any regard and is not simply for invoicing or tracking hours, it more or less does everything. Perhaps one area that it wouldn't be ideal is for firms that need to have more rigid accounting, with charts of accounts etc for industries that are audited or highly regulated.
Shirin Elkoshairi | TrustRadius Reviewer

MIP Fund Accounting

Well-suited for basic accounting, I would give it an 8. Drill-down would be nice on the general ledger to be able to look at the original entry. Maintaining the year codes and distribution codes is much too involved-this needs to be streamlined. Would be nice to be able to update information on encumbrances and purchase orders prior payment. The accounts receivable module is a bit of a nightmare-we don't use the invoicing function as it is too involved for our company. While the Accounting function deserves and 8, I would only give the payroll function about a 4.5-sorry.
Eris Tanner | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

LessAccounting
9.5
MIP Fund Accounting
8.2
Pay calculation
LessAccounting
9.0
MIP Fund Accounting
8.5
Direct deposit files
LessAccounting
10.0
MIP Fund Accounting
9.0
Benefit plan administration
LessAccounting
MIP Fund Accounting
7.5
Salary revision and increment management
LessAccounting
MIP Fund Accounting
8.2
Reimbursement management
LessAccounting
MIP Fund Accounting
7.8

Customization

LessAccounting
8.3
MIP Fund Accounting
7.4
API for custom integration
LessAccounting
9.5
MIP Fund Accounting
7.5
Plug-ins
LessAccounting
7.1
MIP Fund Accounting
7.3

Security

LessAccounting
10.0
MIP Fund Accounting
8.6
Single sign-on capability
LessAccounting
10.0
MIP Fund Accounting
8.8
Role-based user permissions
LessAccounting
10.0
MIP Fund Accounting
8.5

Reporting & Analytics

LessAccounting
9.7
MIP Fund Accounting
7.7
Dashboards
LessAccounting
9.5
MIP Fund Accounting
7.6
Standard reports
LessAccounting
9.5
MIP Fund Accounting
8.0
Custom reports
LessAccounting
10.0
MIP Fund Accounting
7.5

General Ledger and Configurable Accounting

LessAccounting
9.4
MIP Fund Accounting
8.2
Accounts payable
LessAccounting
10.0
MIP Fund Accounting
8.8
Accounts receivable
LessAccounting
8.0
MIP Fund Accounting
8.6
Cash management
LessAccounting
8.6
MIP Fund Accounting
8.0
Bank reconciliation
LessAccounting
10.0
MIP Fund Accounting
8.9
Expense management
LessAccounting
9.0
MIP Fund Accounting
8.5
Fixed asset management
LessAccounting
10.0
MIP Fund Accounting
8.5
Electronic tax filing
LessAccounting
8.0
MIP Fund Accounting
8.9
Self-service portal
LessAccounting
9.5
MIP Fund Accounting
7.4
Intercompany Accounting
LessAccounting
9.5
MIP Fund Accounting
Journals and Reconciliations
LessAccounting
10.0
MIP Fund Accounting
7.4
Configurable Accounting
LessAccounting
10.0
MIP Fund Accounting
7.3
Centralized Rules Framework
LessAccounting
10.0
MIP Fund Accounting
Standardized Processes
LessAccounting
10.0
MIP Fund Accounting
6.7
Time tracking
LessAccounting
MIP Fund Accounting
7.6
Multi-currency support
LessAccounting
MIP Fund Accounting
8.7
Multi-division support
LessAccounting
MIP Fund Accounting
9.2
Regulations compliance
LessAccounting
MIP Fund Accounting
8.8
Enterprise Accounting
LessAccounting
MIP Fund Accounting
8.0

Order Management

LessAccounting
8.0
MIP Fund Accounting
5.2
Pricing
LessAccounting
8.0
MIP Fund Accounting
7.5
Order entry
LessAccounting
8.0
MIP Fund Accounting
8.1
Credit card processing
LessAccounting
MIP Fund Accounting
2.5
Cost of goods sold
LessAccounting
MIP Fund Accounting
2.7

Inventory Management

LessAccounting
MIP Fund Accounting
4.2
Inventory tracking
LessAccounting
MIP Fund Accounting
7.3
Automatic reordering
LessAccounting
MIP Fund Accounting
1.0
Location management
LessAccounting
MIP Fund Accounting
7.7
Manufacturing module
LessAccounting
MIP Fund Accounting
1.0

Pros

LessAccounting

  • Categorize Expenses Automatically
  • Profit and loss Statements
  • Interfaces with Credit Union
Elizabeth Pampalone | TrustRadius Reviewer

MIP Fund Accounting

  • The interface and operations of MIP Fund are fairly easy to utilize and learn.
  • It offers some excellent tools for managing a non-profit operation.
  • The software makes it easy to streamline operations into one system without dealing with separate departments working with different systems.
Bruce Emmerling | TrustRadius Reviewer

Cons

LessAccounting

  • With the flexibility comes room for folks not adhering to specific accounts. There is no numeric chart of accounts so at times you will see 2 line items for a single item. We tend to overcome this limitation with extensive tagging.
  • Invoices and sales orders don't have an obvious way to assign credit to specific salespeople or consultants. We reached out to LA and they have shown us a different way to do this which we'll try soon.
  • The visual interface can use some sprucing up. It's easy to navigate but I believe the navigation can be slightly improved. I do find myself hitting the back button to get into other parts of the app.
Shirin Elkoshairi | TrustRadius Reviewer

MIP Fund Accounting

  • It would be nice to switch between databases without having to logout and login.
  • When entering codes (like for a journal entry) it doesn't auto-search/fill the account numbers...you have to hit the dropdown and scroll for the number.
  • You can't post cash receipts without first having an invoice, which can slow down your processing.
Eric Harvey | TrustRadius Reviewer

Likelihood to Renew

LessAccounting

LessAccounting 10.0
Based on 1 answer
It works, it keeps our historical data and is easy to use
Shirin Elkoshairi | TrustRadius Reviewer

MIP Fund Accounting

MIP Fund Accounting 9.7
Based on 48 answers
We are so used to this software there is no chance of us starting with a new software and re-learning every step.we are content with the software at this moment and feel there is no need to look for a new accounting software
Luis Godoy | TrustRadius Reviewer

Usability

LessAccounting

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 8.5
Based on 45 answers
If you are not an accountant, it would be very difficult to use. As an accountant there are aspects that are so specific that if you do not understand how they work and hand off to other parts of the software, you can really mess up your reporting.
Christine Frenzel | TrustRadius Reviewer

Reliability and Availability

LessAccounting

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 10.0
Based on 11 answers
It is mostly available when it is needed, however there have been power and internet outages that have limited the availability of programs.
Cindy Chapple | TrustRadius Reviewer

Performance

LessAccounting

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 10.0
Based on 12 answers
MIP Fund Accounting has worked very well for me. It has been ten years that I have been working with the software and have never had an issue with it crashing or losing information. I would definitely recommend this software to other users based on the experience I have had.
Janet Resendiz | TrustRadius Reviewer

Support Rating

LessAccounting

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 8.1
Based on 73 answers
They consistently provide quality, knowledgeable service to my questions and concerns. The only reason I am not giving them a 10 is because recently the hold time on the telephone has been much longer than in the past. the quality of the customer service, once I speak to a representative continues to be of a high quality, but the delays are atypical of previous encounters.
Jeffrey Chapman | TrustRadius Reviewer

In-Person Training

LessAccounting

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 8.0
Based on 6 answers
There are no specifics on what happens if you make one choice or another to know which is the best selection. This is true for JVs and AP. In training we were not given specifics of what happens when one possibility is selected over another.
Christine Frenzel | TrustRadius Reviewer

Online Training

LessAccounting

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 4.0
Based on 4 answers
Personalized training provided for our organization
karen hoffman | TrustRadius Reviewer

Implementation Rating

LessAccounting

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 4.8
Based on 37 answers
Having a detailed plan helps. Understanding what your data 'means' is important so it can be correctly mapped to the new solution. Having other staff in on the early training helped as well. We had a few questions that popped up that our implementer was able to address promptly which then prompted the controller to ask even more detailed questions. In the end, we ended up with a better product. Keep in mind, you won't remember to ask all of the relevant questions and you may run into 'challenges' after the fact
Al Hesse | TrustRadius Reviewer

Alternatives Considered

LessAccounting

I had been with QuickBooks for a few years (unwillingly) at the behest of accountants. It took me a while to realize there were other options out there and I needed to begin a hunt to find them. I found LessAccounting. While it's not the most appealing software, it sure helped me see the breakdown of things and allowed me to reconcile my books without feeling like I needed a degree in Accounting.
Elizabeth Pampalone | TrustRadius Reviewer

MIP Fund Accounting

Fund EZ is a product I found out about from a previous employment stint. It has a lot of the features MIP has but is not nearly as good. I would consider using this product if MIP continues to raise fees.
Erich Koch | TrustRadius Reviewer

Scalability

LessAccounting

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 9.0
Based on 6 answers
Not real sure what you mean by scalability. It seems to be able to handle all of the funds we are currently working with. If you mean the looks of it, some things are small and it would be nice to increase the size according to the user.
Frances LeClair | TrustRadius Reviewer

Return on Investment

LessAccounting

  • + Less time worrying about my accounting
  • + actually reconciling my books at the end of each month or quarter
  • + being able to access my P+L anytime!
Elizabeth Pampalone | TrustRadius Reviewer

MIP Fund Accounting

  • MIP has streamlined and allowed more tasks to be automated maximizing the efficiency of staff so more staff is not needed.
  • MIP importing feature allows integration to many different systems which makes MIP very flexible allowing costs to be saved if the owner of the MIP system switches between vendors.
Donavan Lam, CPA | TrustRadius Reviewer

Screenshots

Pricing Details

LessAccounting

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

MIP Fund Accounting

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
No

Rating Summary

Likelihood to Recommend

LessAccounting
9.5
MIP Fund Accounting
8.3

Likelihood to Renew

LessAccounting
10.0
MIP Fund Accounting
9.7

Usability

LessAccounting
MIP Fund Accounting
8.5

Reliability and Availability

LessAccounting
MIP Fund Accounting
10.0

Performance

LessAccounting
MIP Fund Accounting
10.0

Support Rating

LessAccounting
MIP Fund Accounting
8.1

In-Person Training

LessAccounting
MIP Fund Accounting
8.0

Online Training

LessAccounting
MIP Fund Accounting
4.0

Implementation Rating

LessAccounting
MIP Fund Accounting
4.8

Scalability

LessAccounting
MIP Fund Accounting
9.0

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